Examples of Cash Management Event in a sentence
Prior to the occurrence of a Cash Management Event, Borrower shall pay to Lender or Lender's designee or to an account identified by Lender or Lender's designee on or prior to each Payment Date, the Required Debt Service Payment for such Payment Date, the Basic Carrying Costs Monthly Installment for the Interest Accrual Period immediately preceding such Payment Date and the Capital Reserve Monthly Installment for the Interest Accrual Period immediately preceding such Payment Date.
The Lessee shall pay promptly as Supplemental ----------------- Rent shall become due and payable (a) after the occurrence and during the continuance of a Cash Management Event, to the Collection Account and (b) so long as that a Cash Management Event is not continuing, any and all Supplemental Rent payable pursuant to the Nomura Loan Agreement, to the Lender, Lender's designee or to such parties as set forth in the Nomura Loan Agreement, and all other Supplemental Rent to the Lessor.
The wiring instructions for the Deposit Account will be provided to Borrowers following the establishment thereof following the first occurrence of a Cash Management Event, and may be amended by Administrative Agent from time to time by reasonable, advance written notice to Borrowers.
If a Cash Management Event consists of the occurrence of the Optional Prepayment Date, that Cash Management Event shall not be susceptible of cure and shall be said to be continuing from the occurrence of the Optional Prepayment Date to the repayment in full of the Loan, and there shall be no Cash Management Restoration Event with respect to that occurrence of the Optional Prepayment Date.
As used herein, the term "Cash Management Event" shall mean the first to occur of: (i) the Optional Prepayment Date; or (ii) an Event of Default under this Agreement.